8/672 Nicholson Street, Fitzroy North VIC 3068

Fitzroy North townhouse | rooftop terrace | two bathrooms | one parking space This property carries a clear risk of market timing. The gap between the 2016 purchase price and today’s asking level is narrow for a seven year hold, suggesting limited capital growth in this segment. The $109,500 range between estimated low and high value signals a buyers market with room to negotiate. The multi level layout with rooftop terrace offers lifestyle appeal but limits accessibility. A buyer should hold this as a medium term lifestyle property rather than a high growth investment, given the flat trajectory and the cost of strata on a townhouse format. The competitive strength here is the rarity of a two bathroom townhouse with dedicated parking on a 1024m² lot in Fitzroy North. The combination of open plan living, timber floors and rooftop alfresco area with treetop views positions this unit above typical apartments in the area. It suits a downsizer or professional couple who value quiet luxury and proximity to Edinburgh Gardens and tram routes. The comparable sale of 13/672 for $1,095,000 in February 2026 suggests the building holds value for larger floorplans making this listing a more accessible entry. The next step is to verify whether the current rent of $775 per week covers holding costs, and to submit a conditional offer 5 percent below asking if the building inspection reveals no structural issues.